Undergraduate Programme and Module Handbook 2020-2021 (archived)
Module ECON3391: INTERNATIONAL AND MULTINATIONAL FINANCE
Department: Economics and Finance
ECON3391: INTERNATIONAL AND MULTINATIONAL FINANCE
| Type | Tied | Level | 3 | Credits | 20 | Availability | Not available in 2020/21 | Module Cap | None. | Location | Durham |
|---|
| Tied to | NN43 |
|---|---|
| Tied to | N302 |
| Tied to | N304 |
| Tied to | N305 |
| Tied to | N306 |
| Tied to | N307 |
| Tied to | N402 |
| Tied to | N403 |
| Tied to | N405 |
Prerequisites
- Corporate Finance AND Macroeconomics and International Finance
Corequisites
- None.
Excluded Combination of Modules
- None.
Aims
- This module aims to bring together student's knowledge of finance and quantitative techniques in order to investigate important topics within the International and Multinational Finance Literature.
Content
- The following is indicative of the types of area to be covered:
- introduction and basics of foreign exchange
- PPP and IRP
- exchange rate determination
- efficiency of foreign exchange markets
- foreign exchange exposure and risk
- operating exposure
- hedging risk and exposure
- speculation in the foreign exchange markets
- multinational portfolio investment
- multinational capital investment
Learning Outcomes
Subject-specific Knowledge:
- By the end of the module students should:
- be aware of major theoretical underpinnings in key topics in International and Multinational Finance
- be able to appreciate the recent empirical literature in selected key topics in International and Multinational Finance
- have practiced skills of problem solving and critical thinking
Subject-specific Skills:
- By the end of the module students will have had the opportunity to develop subject specific skills of theorethical analysis, application of knowledge to problems solving, and technical skills relating to key problems in International and Multinational Finance.
Key Skills:
- Written communication - through summative assessment.
- Planning, Organisation and Time Management - e.g. by preparing summative assignment, observing strict deadlines for the submission of work; preparing for examinations.
- Problem Solving and Analysis - e.g. through addressing questions requiring the identification of relevant issues and principles and the use of critical thinking in assessed work.
- Computer Literacy - e.g. downloading notes for revision and past exam papers from DUO.
- Reasoning abilities - skills in assessing alternative ideas, and the criteria used in accepting or rejecting economic arguments, theories or theoretical systems.
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- The mix of lectures and seminars will introduce students to key concepts and provide opportunities to explore issues in international and multinational finance in depth.
- The examination will assess students' knowledge and critical awareness and allow investigation of key concepts.
- This will be reinforced by the formative assessment in the form of an essay of 1500 words.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Lectures | 20 | 1 Per Week | 1 Hour | 20 | |
| Revision Lectures | 2 | 1 per week | 1 hour | 2 | |
| Seminars | 8 | fortnightly | 1 Hour | 8 | ■ |
| Preparation and Reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written examination | 2 hours | 100% | |
Formative Assessment:
An essay of 1500 words max
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University